Cemex S.A. (CX) Announces Sale of Certain Assets in Southeastern France

February 1, 2021 4:51 PM EST
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CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today the divestment of certain assets in Southeastern France as part of its strategy to focus its portfolio development into high growth markets.

CEMEX signed binding agreements to sell 24 concrete plants and 1 aggregates quarry in France to LafargeHolcim. These assets are located in the Rhone Alpes region in the Southeast of France, east of CEMEX's Lyon operations, which the company will retain.

CEMEX expects to finalize the transaction by early April, once closing conditions are met. No antitrust approval is required.

CEMEX expects to redeploy the proceeds from this transaction into growth projects in key markets.

CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit: www.cemex.com

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